Advisor Partners LLC boosted its position in shares of Comcast Co. (NASDAQ:CMCSA) by 2.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 107,589 shares of the cable giant’s stock after purchasing an additional 2,818 shares during the quarter. Comcast makes up 0.8% of Advisor Partners LLC’s portfolio, making the stock its 21st biggest holding. Advisor Partners LLC’s holdings in Comcast were worth $4,573,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Biegel & Waller LLC purchased a new stake in shares of Comcast in the second quarter valued at $432,000. Convergence Investment Partners LLC lifted its position in shares of Comcast by 32.1% in the fourth quarter. Convergence Investment Partners LLC now owns 104,969 shares of the cable giant’s stock valued at $4,204,000 after acquiring an additional 25,508 shares in the last quarter. Quinn Opportunity Partners LLC lifted its position in shares of Comcast by 97.6% in the second quarter. Quinn Opportunity Partners LLC now owns 48,600 shares of the cable giant’s stock valued at $1,892,000 after acquiring an additional 24,000 shares in the last quarter. HPM Partners LLC lifted its position in shares of Comcast by 16.1% in the second quarter. HPM Partners LLC now owns 41,656 shares of the cable giant’s stock valued at $1,621,000 after acquiring an additional 5,775 shares in the last quarter. Finally, Rovida Advisors Inc. purchased a new stake in shares of Comcast in the second quarter valued at $43,676,000. Institutional investors own 82.26% of the company’s stock.
Shares of Comcast Co. (CMCSA) opened at $36.21 on Thursday. The company has a market capitalization of $168,180.00, a PE ratio of 17.24, a price-to-earnings-growth ratio of 1.49 and a beta of 1.04. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.74 and a current ratio of 0.74. Comcast Co. has a 12 month low of $34.78 and a 12 month high of $44.00.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Shareholders of record on Wednesday, April 4th will be paid a dividend of $0.19 per share. The ex-dividend date is Tuesday, April 3rd. This is a positive change from Comcast’s previous quarterly dividend of $0.16. This represents a $0.76 annualized dividend and a yield of 2.10%. Comcast’s dividend payout ratio is currently 30.00%.
In other news, Chairman Brian L. Roberts sold 583,835 shares of the stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $38.67, for a total value of $22,576,899.45. Following the completion of the sale, the chairman now owns 1,711,798 shares in the company, valued at $66,195,228.66. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Arthur R. Block sold 5,630 shares of the stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $39.89, for a total value of $224,580.70. Following the completion of the sale, the executive vice president now owns 71,664 shares of the company’s stock, valued at approximately $2,858,676.96. The disclosure for this sale can be found here. Insiders have sold 784,158 shares of company stock valued at $31,070,439 over the last 90 days. 1.28% of the stock is currently owned by insiders.
Several analysts have recently issued reports on the company. BidaskClub downgraded Comcast from a “hold” rating to a “sell” rating in a research report on Friday, February 23rd. Pivotal Research restated a “buy” rating and issued a $113.00 price objective on shares of Comcast in a research report on Wednesday. Macquarie downgraded Comcast from an “outperform” rating to a “neutral” rating in a research report on Wednesday. Nomura restated a “neutral” rating and issued a $42.00 price objective (down from $45.00) on shares of Comcast in a research report on Thursday, January 18th. Finally, Scotiabank set a $52.00 price objective on Comcast and gave the company a “buy” rating in a research report on Friday, January 19th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-three have given a buy rating to the company. Comcast presently has an average rating of “Buy” and a consensus price target of $50.39.
ILLEGAL ACTIVITY WARNING: This news story was originally published by Ticker Report and is owned by of Ticker Report. If you are accessing this news story on another website, it was copied illegally and republished in violation of US and international copyright and trademark legislation. The correct version of this news story can be viewed at https://www.tickerreport.com/banking-finance/3229565/comcast-co-cmcsa-shares-bought-by-advisor-partners-llc.html.
Comcast Company Profile
Comcast Corporation is a media and technology company. The Company has two primary businesses: Comcast Cable and NBCUniversal. Its Comcast Cable business operates in the Cable Communications segment. Its NBCUniversal business operates in four business segments: Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.
Want to see what other hedge funds are holding CMCSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Comcast Co. (NASDAQ:CMCSA).
Receive News & Ratings for Comcast Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comcast and related companies with MarketBeat.com's FREE daily email newsletter.